EDEXCEL A LEVEL BUSINESS EXAMS PACKAGE

Business Theme 1 A Level Edexcel Mark up The percentage added to unit cost that makes a profit for a business when setting the price Penetration pricing Setting a low price when launching a new product in order to get established in the market Predatory pricing Setting a low price forcing rivals ou...

Business Theme 2 A Level Edexcel Revenue or turnover The total income of a business resulting from sales of goods or services Acid test ratio Similar to the current ratio but excludes stocks for current assets. A more severe test of liquidity. Assets Resources that belong to a business Capital Mone...

Business Theme 3 A Level Edexcel Network diagram A chart showing the order of the tasks involved in completing a project, containing information about the times taken to complete the tasks Nodes Positions in a network diagram which indicate the start and finish times of a task Total float The time ...

Business Theme 4 A Level Edexcel Trade bloc A group of countries situated in the same region that join together and enjoy trade free of tariffs, quotas and other forms of trade barrier Franchising Establishing a long-term co-operative relationship whereby one party, the franchisor, contracts with a...